Yudean Captive Insurance, part of the Guangdong Yudean Group, a Guangzhou-based power group, plans to increase its capital by CNY200 million (US$31.4 million) to CNY500 million.
South Korean financial authorities will be easing entry regulations to allow more boutique brokerage and specialty insurance services into the country.
The Undersecretariat of the Treasury has announced coverage amounts for "compulsory financial liability insurance for marine pollution by coastal facilities". The required coverage amounts are published in the Official Gazette and have hence entered into force.
Shenzhen listed Jafron Biomedical has signed a strategic cooperation agreement with newly established Public Mutual Insurance Corporation to develop and promote insurance covering kidney-related diseases.
Local cover for the region's entertainment industry will be available soon with the launch of American firm, Chubb Corporation's specialty insurance cover for the movie business.
China will start a pilot scheme this year for the compensation mechanism related to insuring major technical equipment.
Allianz Global Corporate & Specialty (AGCS) has opened its Entertainment insurance division in Asia with a launch in Singapore.
Allianz AGCS sees rich pickings in entertainment insurance.
A modern insurer has to actively contribute to society, says Ms Claudia Salem, CEO AIG Singapore & Head of Southeast Asia.
Lloyd's of London, an integral part of the British business scene since the 17th century, is on track to start operations at its Brussels unit next January, reports Reuters citing the specialist market's CEO, Ms Inga Beale.